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A multiple account framework for cost-benefit analysis

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Author Info

  • Campbell, Harry F.
  • Brown, Richard P.C.

Abstract

The paper presents a spreadsheet-based multiple account approach to cost-benefit analysis which incorporates all the usual concerns of cost-benefit analysts such as shadow-pricing to account for market failure, distribution of net benefits, sensitivity and risk analysis, cost of public funds, and environmental effects. The approach offers a number of advantages to both analysts and decision-makers, including transparency, a check on internal consistency and a detailed summary of project net benefits disaggregated by stakeholder group.

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File URL: http://www.sciencedirect.com/science/article/B6V7V-4DVT7DM-4/2/93f106f0dde7c41026fd45140d94b6e9
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Bibliographic Info

Article provided by Elsevier in its journal Evaluation and Program Planning.

Volume (Year): 28 (2005)
Issue (Month): 1 ()
Pages: 23-32
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Handle: RePEc:eee:epplan:v:28:y:2005:i:1:p:23-32

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Web page: http://www.elsevier.com/locate/evalprogplan

For corrections or technical questions regarding this item, or to correct its listing, contact: (Jeroen Loos).

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References

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  1. Willig, Robert D, 1976. "Consumer's Surplus without Apology," American Economic Review, American Economic Association, vol. 66(4), pages 589-97, September.
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Cited by:
  1. Lawrence, Craig, 2009. "Identifying an Australian ‘Shadow’ Benefit / Cost Ratio for Public Projects," MPRA Paper 13481, University Library of Munich, Germany.

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